16528 Kings Way Dr Anchorage, AK 99516
Bear Valley NeighborhoodEstimated payment $7,523/month
Highlights
- Property fronts an inlet
- Home fronts a creek
- 13.57 Acre Lot
- Bear Valley Elementary School Rated A
- City Lights View
- 3 Car Attached Garage
About This Home
ESCAPE TO THIS BEAR VALLEY RETREAT! - Tucked high in the sought-after Bear Valley of Anchorage, this extraordinary retreat offers the best of Alaska living - sweeping mountain vistas, unmatched privacy, and endless opportunity. Bear Valley is renowned for its beauty, serenity, and proximity to the city while still feeling a world away. Now, you are invited to experience this remarkable setting and imagine it as your own.
Set on over 13 pristine acres - with an additional 3-acre parcel available - this 7,550 sq. ft. residence is more than a home; it's a canvas for possibility. A meandering creek and a private pond grace the property, creating a tranquil environment where the sounds of flowing water and the sight of visiting moose, bears, eagles, and other wildlife make each day feel like a true Alaskan escape.
The property can be operated as a successful bed and breakfast, with extended-stay and long-term rental potential. Rooms currently rent for over $1,000 per month for the winter season, underscoring the strong investment appeal. With its expansive square footage, thoughtful layout, and incredible views, the home also offers the opportunity to complete updates and finishing touches for more income potential or transforming it into a grand personal residence.
From the moment you arrive, you'll feel the sense of retreat - the kind of place where guests never want to leave. Towering mountains, Alaskan wilderness, and endless skies create a backdrop that changes with every season. Here, your vision can take root: a welcoming lodge, a family compound, a luxury rental, or your own statement home in one of Anchorage's most desirable settings.
Bear Valley is calling. Come stay, breathe, and take it in. You may never want to leave - and the good news is, you don't have to. Call and set up a showing today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,150
Year Built
- Built in 2002
Lot Details
- 13.57 Acre Lot
- Home fronts a creek
- Home fronts a pond
- Property fronts an inlet
- Suitable for Bed and Breakfast
- Property is zoned R10, Residential Alpine/Slope
Parking
- 3 Car Attached Garage
- Attached Carport
Home Design
- Block Foundation
- Slab Foundation
- Metal Roof
Interior Spaces
- 7,553 Sq Ft Home
- City Lights Views
Bedrooms and Bathrooms
- 8 Bedrooms
- 9 Full Bathrooms
Schools
- Bear Valley Elementary School
- Goldenview Middle School
- South Anchorage High School
Utilities
- Heating Available
- Well
- Septic Tank
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,150 | $1,265,900 | $260,700 | $1,005,200 |
| 2024 | $15,150 | $1,280,000 | $260,700 | $1,019,300 |
| 2023 | $17,649 | $1,184,500 | $260,700 | $923,800 |
| 2022 | $14,145 | $1,134,300 | $260,700 | $873,600 |
| 2021 | $17,683 | $1,090,900 | $260,700 | $830,200 |
| 2020 | $15,923 | $1,061,500 | $260,700 | $800,800 |
| 2019 | $15,559 | $1,066,400 | $260,700 | $805,700 |
| 2018 | $14,326 | $1,031,900 | $260,700 | $771,200 |
| 2017 | $14,472 | $1,024,300 | $260,700 | $763,600 |
| 2016 | $14,127 | $1,069,400 | $260,700 | $808,700 |
| 2015 | $14,127 | $992,600 | $249,000 | $743,600 |
| 2014 | $14,127 | $1,002,700 | $249,000 | $753,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/08/2025 09/08/25 | For Sale | $1,175,000 | -- | $156 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $100,000 | Credit Line Revolving | |
| Closed | $0 | No Value Available |
Source: Alaska Multiple Listing Service
MLS Number: 25-11630
APN: 02056107000
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The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Ten-X are marked with either the listing brokerage’s logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.
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